- Bee: "What is currently much more scary is the global economical instability. I am not much of an an economist, but even I sense there will be some major economical crisis rather soon, possibly even this year. If you need any indicators, take Bush talking about the 'fundamentals of the economy being strong'."
anonymous: "Incidentally, I don't agree with the premise that the world or US economy is in dire straits, nor would most economists. In fact its the best it ever has been viewed on historical timescales, despite the fact that we are on the tail end of a business cycle"
If you're still around I would be interested to hear your opinion on this:
World Markets Plunge on Fears of U.S. Slowdown
FRANKFURT — Fears that the United States may be in a recession reverberated around the world on Monday, sending stock markets from Mumbai to Frankfurt into a tailspin and puncturing the hopes of many investors that Europe and Asia would be able to sidestep an American downturn.
Here is what the White House said
In reference to the global stock sell-off, Jeanie Mamo, a spokeswoman for the White House, said: “We don’t comment on daily market moves. We’re confident that the global economy will continue to grow and that the U.S. economy will return to stronger growth with the economic policies the president called for.”
Feel free to comment on daily market moves. I know nothing about economy except that I'm so far happy to have left my savings in Euro, so don't expect any sensible replies from me.
Update: 3 hours later. After being transferred back and forth several times I failed on closing the account. Options are either wiring the money to my Canadian account, but for this I had to visit a local bank branch in California, or writing a check to myself. Which I can't do because I have no checks left. They have renamed 'customer service' into 'customer satisfaction'.
Update: 3 weeks later. I finally managed to close my account.